Money isn't the base layer of society. Labor is, as you point out. Money is made up so we know where to allocate labor, but monopolies and wealth disparities in that market cause the labor allocation to be skewed in favor of whatever the rich want, perpetuating an anti-democratic downward spiral into what Russia has today and where we're headed.
Discussion
What’s the common unit of measurement for labor? How do I translate an hour of my labor into and hour of your labor? Labor is indeed at the core of society but we don’t trade labor for labor. We trade labor for money. I can’t witness your labor easily to understand it’s value. Money is how society scales up.
Socialists and Commies get annoyed at this because they always overestimate the value of their own labour.
Afterall, they have PhD’s in gender studies, they should be making the same as a PhD in Neuroscience or Aeronautical Engineering!
They completely ignore the market for their worthless skillsets and simultaneously devalue the market for the others.
The same logic is why they misunderstand how destructive minimum wage laws are. The market decides value - I’m not hiring someone at minimum wage for basic work that needs to be done, I’ll just bundle it in to my regulated min wage employees jobs instead of hiring someone who could do it cheaper and gain skills in the process.
1 unit of labour =/= 1 unit of someone else’s labour. This should be fucking obvious to anyone with a brain.
Yes. And money that isn't related to labor is nonsense.
If there is labor that needs to be done and money is being held hostage by the wealthy, something needs to change. Changing money doesn't change the capitalistic impulse for accumulation. BTC mining is controlled by less than ten people. At least be an ETH enthusiast, dude.
We know what needs to happen to save the world and improve the life of everyone in society, but rich folks won't let it happen. Crypto isn't the answer
It's been ruined by libertarians, just like America.